Coalition Reports on Housing Credits
ALBANY—The Rural Housing Coalition of New York recently released a report on the state’s allocation of Low-Income Housing Tax Credits to rural areas in the five-year period 2019-2023. There are three main types of credits that support affordable housing development in the state: four percent federal tax credits for projects with tax-exempt bond financing; nine percent federal credits awarded through a competitive application process; and state Low-Income Housing Tax Credits that are paired with the federal programs.
You have reached your limit of 3 free articles
To Continue Reading
Our hard-copy and online publications cover the news of Otsego County by putting the community back into the newspaper. We are funded entirely by advertising and subscriptions. With your support, we continue to offer local, independent reporting that is not influenced by commercial or political ties.
